Search results

Agree that a bottom needs to be retested and consolidated, but I also know that fighting the Fed is hazardous to your health. I'm not counting a .50bps cut out regardless of the latest jobs numbers. This Fed is totally inconsistent and anything should be expected especially since yesterday's...

Agreed. Only in trading, staying alive and always in the hunt is much tougher in my opinion. Good Luck!

Amen. Trading will make you face the most formidable foe you will ever have to deal with in your life..... YOURSELF! If you have a hard time accepting reality and can't put your ego aside, trading is going to be the most difficult and expensive thing you are ever going to do and most...

Typical "Eat The Rich" bullshit. She's nothing more than a "tax and spend" democrat. Sure, lets go ahead an fuck up the real estate market real good and put a false floor into housing for the most unqualified buyers. Stop the ride, I want off! Good Luck!

Hemmingway often wrote standing up. Just thought I'd throw that in there. Good Luck!

Everyday is a day to learn and become better. It's knowing where you are and where you're going that's important. It's hard to move forward on the path to success until you identify the path. Discipline, basics, foundation..... Good Luck!

This quote proves one thing and one thing only...... you are not properly managing your money in accordance with your risk tolerance/account size. It is obvious that the basics is where you need to start. The first thing you need to identify past what approach to the actual trades you're...

So tell us what you think. Will you stop when you have lost $X? When you are crying in the corner? When you can't see any moves/set ups worth taking? When you have lost %X? When you are puking in the trash can next to your computer? It looks like you are looking for an answer...

Until you stop dealing in dollar figures, you're not going to find any answer worth a damn. The sign of inexperience in a trader/investor, dealing in absolute dollar figures. You need to switch your thinking over to percentages, risk/reward profiles, entry/exits, and overall realized...

Easy, I usually stop for the day just as when I start...... when the bell rings. Good Luck!

Advice, Do a search on this site for answers to your questions. Self-education is a good place to start. Good Luck!

First suggestion.... Move this thread to chit chat.

How about trying to spend less in your monthly expenditures and grow your account instead. Personally I wouldn't give any money or take much advice from anyone that doesn't have more experience or resources/funds than me. Managing other people's money (OPM) is more of a headache than a...

I find it funny how often the 95% statistic is thrown about. I find it even more funny how there's an uproar over this "factoid". I don't think anyone ever said it was impossible, and this statistic implies that very fact. At least 5% of daytraders are successful. It's funny how on the...

Made my first trade with $500 and turned it into $850 in a month. Fact is, you're not going to be able to trade like you think you should be trading with that kind of money. Use a flat-fee broker that can give you good service. I still use Scottrade for some of my accounts (IRA's and the...

Okay, let me get this right.... I'm supposed to believe that a person traded 5k into over 1M in the markets and now has lost everything? First, thing, you obviously have no risk management acumen. If you did, you probably wouldn't have made that much money in the first place. If we assume...

Threads like this crack my ass up. Bulls, make money Bears, make money Pigs, get slaughtered It's that easy people.

The only thing that should be adjusted in the resets is the LIBOR benchmark. Detach LIBOR as the benchmark against which the resets will take place and replace it with a more traditional benchmark against the US 10 year treasury note. This simple action would make the Fed rate cuts more...

screw bonds. Build wealth over the long haul in stocks. Get involved in a DRIP (divident reinvestment fund) at least. Educate yourself about the market and stocks. It will not take you long to grow that money beyond what you thought it could do. I started with much less than you at 19...

Bolling used the be the resident chartist, but he left and went over to FBN. Other than that, the Fast Money crew pretty much doesn't use charts for their trading. Adami references volume spikes at tops and bottoms, but he's not really a technical chart trader. Pete is probably the only...